Intesa Sanpaolo Spa Ord (IITSF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to the conference call of Intesa San Paolo for the presentation of the first quarter 2026 results hosted today by Mr. Carlo Messina, Chief Executive Officer. My name is Razia and I will be your coordinator for today's conference. At the end of the presentation, there will be a question and answer session. To enter the queue for questions, please press star 1-1 at any time. You will then hear an automated message advising that your hand is raised. To withdraw your question, please press star 1 1 again. You are kindly invited to ask no more than two questions to leave room for other participants. In case of additional questions, the IELTS team will be at your disposal after the conference call. I remind you all that today's conference is being recorded. At this time, I'd like to hand the conference over to Mr. Carlo Messina, CEO, so you may begin. Welcome to our first quarter 2026 results conference call. This is Carlo Messina, Chief Executive Officer, and Amir with Luca Bocca, our CFO, and Marco Del Frate and Andrea Tamagnini, Investor Relations Officers. Before we begin, I would like to state that sadly, yesterday night, my mother passed away. And so today, I will open this call with a very brief introduction. And then Luca will go through the presentation of our results. So he will help me in making the presentation. While we will manage the question and answer together, and I will be at your disposal for all the strategic questions. Let me underline, in any case, that we just delivered our best ever quarterly net income. 2.8 billion euros with an annualized return on equity of 21% and earning per share up 8% on a yearly basis. These are excellent results confirming that we are well on track to deliver 10 billion eur...